Paper-based forms are slowly being replaced by their digital counterparts, but filling out forms is still a big part of doing business. It’s typically the first step in a company’s data collection and facilitates multiple business functions. The ubiquitous nature…
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Category: Data Extraction
- Blog
Revolutionizing Patient Data Management: How a US-based Insurance Company Saved more than $100,000 in Annual Costs
In the dynamic world of insurtech, where innovation is the key to success, insurance companies constantly seek ways to optimize their operations and unlock new opportunities. Among them, a US-based company, a renowned player in the industry, recognized the immense…
- Blog
AI-powered Financial Data Extraction – A Complete Guide
According to Allied Market Research, the global data extraction market is set to increase from $2.14 billion in 2019 to $4.9 billion in 2027. Data extraction is a vital part of an effective data management strategy. As such, AI-based document…
Overcoming Data Challenges in the Insurance Industry
Data is at the heart of the insurance industry. Vast amount of information is collected and analyzed daily for different purposes including risk assessment, product development, and making informed business decisions. But managing this data can be a significant challenge,…
- Blog
Incredible Data Statistics, Facts, and Trends (Updated for 2023)
There are two types of decision-makers: those who make decisions based on assumptions and those who take actions based on facts. From a logical and statistical perspective, the latter category makes better choices that help their organizations develop and grow….